Even the suburban residents are fleeing Illinois.. (Chicago, Hinsdale: rental, home search)

[Bellamouse]

I don't dispute that retirees move to Florida. But not all the people leaving the Northern states are retirees. We live in Central Florida, which is booming. We don't get as many retirees - they like to move to the ocean. There is business and industry here and the people we see are still working age (including us).

When you have to save for your own retirement (ie, NON gov worker), it is nearly impossible to do so up north where they STEAL every penny from you that they can, leaving you literally nothing to save.

The article just debunks the myth that the only people who move out of Illinois are "poor", when 85% of those moving IN to Florida are not poor.

[Kmanshouse]

Originally Posted by DougStark

You're not seeing this "mass exodus" because you haven't seen the population statistics!! Illinois, Chicagoland, and Chicago proper are all going down in population. It's the ONLY major metro area in the entire country to actually lose population, year after year. A title no-one wants to claim.

The housing market stats support this: Home appreciation in metro Chicagoland is basically flat.

https://en.wikipedia.org/wiki/Combined_statistical_area

United States Combined Statistical Area Population - iWeblists

Between 2000-2010, the Chicago CSA grew in population by 4%
It "grew" by 0.26% from 2010-2018.

So while it's true that this lags other large cities, it's untrue that it's losing population, year after year like you claim.

[Jon998877]

Originally Posted by Bellamouse

Right. Most of the pensioners are rich and leave. Taking their spoils to places where they can live like REALLY rich people because the cost of living is so much less.

The poor plebeians, like single retirees on SS don't usually have the means to move. Either they have kids they want to stay near, or just the cost of moving and the stress of moving all alone to a new place is waaaay too overwhelming. It's hard enough when you're young and not alone. Moving is NOT cheap. Even if you don't have much stuff.

I will have two pensions that will be about $6K a month, hardly lavish and will need to work until 63 to get that..

[smegmatite]

Originally Posted by Jon998877

I will have two pensions that will be about $6K a month, hardly lavish and will need to work until 63 to get that..

thats $72k a year... and retiring at age 63 is a joke... most folks are working well into their 70's in the private sector...

you do realize that in order to create a 72k a year income stream of an ira assuming a 4% withdrawal rate (so you don't run out of money before you die) is the equivalent of having a $1.8 million dollar IRA right?

[smegmatite]

Illinois lost 1.2% or over 4.8 BILLION of net income just last year...

https://www.lendingtree.com/personal...rationbyincome

and despite the popular liberal talking point of "only teh poorz are leaving"

"Among the five states that experienced the biggest net drop in adjusted gross income – Connecticut, Pennsylvania, New Jersey, Illinois and New York – around half of the income those states lost came from people earning more than $200,000 a year."

so its not just poor people leaving (which makes sense since you know, they don't have much money to move in the first place?)

[Jon998877]

Originally Posted by smegmatite

thats $72k a year... and retiring at age 63 is a joke... most folks are working well into their 70's in the private sector...

you do realize that in order to create a 72k a year income stream of an ira assuming a 4% withdrawal rate (so you don't run out of money before you die) is the equivalent of having a $1.8 million dollar IRA right?

And I took lesser pay than I could have made in the private sector, the pension is the trade off so I have no problem with it..

[RamenAddict]

Originally Posted by smegmatite

Illinois lost 1.2% or over 4.8 BILLION of net income just last year...

https://www.lendingtree.com/personal...rationbyincome

and despite the popular liberal talking point of "only teh poorz are leaving"

"Among the five states that experienced the biggest net drop in adjusted gross income – Connecticut, Pennsylvania, New Jersey, Illinois and New York – around half of the income those states lost came from people earning more than $200,000 a year."

so its not just poor people leaving (which makes sense since you know, they don't have much money to move in the first place?)

Yes, the retirees are leaving. We get that... most of those places are also cold and people don’t want to deal with cold weather in retirement. Nothing Chicago can do is going to make it warm unless global warming really really intensifies. Plus, one person making $200K is 4 people making $50K or 8 people making $25K, so on a per capita basis, it also makes sense. The real question is whether those people who left would actually still be working, and for how long, if they stayed in Chicago. My guess is that many of those people would be retiring soon or were at the point of retiring.

[Curly Q. Bobalink]

Originally Posted by Kmanshouse

https://en.wikipedia.org/wiki/Combined_statistical_area

United States Combined Statistical Area Population - iWeblists

Between 2000-2010, the Chicago CSA grew in population by 4%
It "grew" by 0.26% from 2010-2018.

So while it's true that this lags other large cities, it's untrue that it's losing population, year after year like you claim.

Kman, if the "Combined Statistical Area" includes northwest Indiana and southeast Wisconsin, then it's not good data to use for the purpose of discussing "Whether people are fleeing Illinois". The Illinois-only, county-by-county population figures, are much more germane to the debate than the CSA figures. Now, could those enhance your position? Beats me, I don't have ready access to them - but I kinda doubt it, with the media attention being what it has been.

[wase4711]

its common knowledge that there is a mass exodus from Illinois; whatever stats or sources that say otherwise are inaccurate..

[Chicago South Sider]

Originally Posted by Kmanshouse

https://en.wikipedia.org/wiki/Combined_statistical_area

United States Combined Statistical Area Population - iWeblists

Between 2000-2010, the Chicago CSA grew in population by 4%
It "grew" by 0.26% from 2010-2018.

So while it's true that this lags other large cities, it's untrue that it's losing population, year after year like you claim.

The Chicago MSA is less populated than it was in 2010 and the losses are accelerating.